Metals of Ukraine & Russia: round billets (structural steel), August 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489*

min

max

July

346

346

August

346

346

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: metal companies investing in development

In H1 Ukrainian metal companies investments dropped by 16% YoY. According to the experts, this has to do with the gradual completion of investment programs, started in 2012-2013. In H1 the largest investments into their redevelopment were made by Zaporizhstal (820.9 million UAH), ArcelorMittal Kriviy Rih (743.6 million UAH) and Mariupol Ilyich Iron and Steel…

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Russia: OEMK produces 70-millionth ton of steel

The electric furnace shop of Oskol Electrometallurgical Works has produced the 70-millionth ton of steel.

According to the company statement, the output volumes were gradually increased with machinery and techniques modernization. (Ukrainian metal)

Russia: Severstal wants clients to buy steel at higher prices

Russian tycoon Alexei Mordashov, the core owner of steelmaker Severstal, has suggested the government stimulate consumers to buy reinforcement steel and other products of the company at higher prices. In a letter to the Deputy Prime Minister Arkady Dvorkovich, Industry and Trade Minister Denis Manturov, and the Federal Antimonopoly Service’s Director Igor Artemyev Mordashov said…

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Metals of Ukraine & Russia: foundry pig iron, August 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489*

min

max

July

253

253

August

247

247

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: scrap 5% duty cancelled

The Verkhovnaya Rada of Ukraine has cancelled the 5% import duty on ferrous scrap. The new decree stipulates the zero imports duty instead of the current 5%. According to the industry committee head Victor Halasyuk, this is the second part of the help to the mining-metallurgical complex. “Our first step was to increase the export…

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